Bank safe box storage diversification and other tips

Discussion of the Gold portion of the Permanent Portfolio

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vnatale
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Re: Bank safe box storage diversification and other tips

Post by vnatale » Sun Apr 19, 2020 8:08 pm

MediumTex wrote:
Tue Jul 30, 2013 10:11 am
Another thing I don't understand about the gold confiscation scenarios is why the government would want anyone's gold. 

We're not on a gold standard, so it wouldn't improve the backing for the currency.

We will never go back onto a gold standard because politicians and central bankers hate it.

And the U.S. government is already the largest holder of gold in the world.  What would be the point of obtaining more through confiscation?
Related to other gold discussions currently going on here?

Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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ochotona
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Re: Bank safe box storage diversification and other tips

Post by ochotona » Sun Apr 19, 2020 9:36 pm

I don't want more than one box. I hear horror stories about seniors squirreling assets away in multiple SDBs then dementia sets in and no one knows about the boxes any longer. Government wanted your gold in 1933, not 2023.
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